Heres what I saw this morning on cable.....off the 60 min chart there was the big fall to 1.9574 into Dec 24 then a weak bounce back up to 2.100 - around the 38% retrace. The fibs off this gave extensions of 1.9620 and 1.9540. The latest action on ...

Indicator Free Trading - Skunny

Hi Brunite - been there too, got the "stops" tee shirt - thanks to Skunny and FTI I'm now keeping out of way of the stop sweeping - most of the time! Hi Macbow - lol, I wish - its still work in progress and often I'll have taken profit too early and ...

Indicator Free Trading - Skunny

Clearer chart — I couldn't find how to edit the chart, so here's a clearer one...

Indicator Free Trading - Skunny

Cable chart — I was working on replacing all of the fibs that I used on todays cable chart - attached. Doing better thanks Pip Hunter - and thanks to Skunny for getting me back into fibs - I'm the sort of guy that likes to have some targets to ...

Indicator Free Trading - Skunny

Hi Brunite - It seems that several of us are following a similar path. Now that I am putting 2 sets of fibs on each time frame and continually deleting the one that has a completed move I too am finding that it is greatly helping my trading - sorry, ...

Indicator Free Trading - Skunny

Hi Daniel - just a point of definition - I think you have the wording reversed on your first chart. On 7 Jan, the short horizontal pale blue line is acting as Resistance - its Above the price and the next day it is Under the price and acting as ...

Indicator Free Trading - Skunny

Having played catch up earlier this morning and taken on board more of this great thread I worked up some charts to help with my day trading of the European session in GBPJPY......WOW! The attached charts show what I mean! I used a 4 hr chart just ...

Indicator Free Trading - Skunny

LOL - I'm another "lurker" whose coming out - trying to get comfortable with this naked stuff! Still got to do my homework with VT, but a guys gotta keep trading and I couldn't resist posting these three snapshots. I used to do a lot of News Trading ...

Indicator Free Trading - Skunny

Hi Ken - good to see your trades - wishing you a Happy and Pipful New Year. Jono

Monarch's Journal of 2008 Trades

That might just be Alpari and not MT4 in general. I'm still getting good fills with my ODL MT4 - even during the FMOC announcement, when my new demo from a Swiss broker froze up and kept me out of a 250 pip "profit"

Technical Analysis Fallacy

mm - I think you mean short from 229.13 - and you should always trade your system and not listen to others. However, I personally hate to go into a loss once I'm + 20 or so and I guess it depends if you're by the screen, or going out for the day.

ACD Method on GBP/JPY One trade a day

Its rapidly turning into another rubbish thread, full of I thinks, I dids etc - another one to avoid

Auslanco - GBP/JPY and GBP/USD (newstrade)

The problem for GJ this morning is the dollars strength - look at the swissy and euro. Once that slows down UJ will stop climbing and that should let GJ drop some more.......however, I do have a comment from an excellent esoteric trader to expect a ...

ACD Method on GBP/JPY One trade a day

Hi Donagh - I've just come accross your thread - I too am working on a system to trade GJ in the European session - with an average session range of ~190 pips it is attractive! I'll look at your system over the weekend and run it on some charts. So ...

ACD Method on GBP/JPY One trade a day

CB intervention has never been anything other than a short term fix, and this time the concerted effort by several CBs shows just how serious the problem is. Here's something that I posted elsewhere... "Amongst these was the suggestion that, in ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

mm....please Mistress Leigh,....mm... but Friday is in 3 hours and 45 minutes, do I have to finish all of my homework by then.......?

Technical Analysis Fallacy

I got my IFX low from their chart - I didnt actually see their quote, as I'd already clucked and closed out earlier. My IFX spread is 8 pips. MY ODL is also a live account with a six pip spread. Edit: as you probably know, in both IFX and ODL you ...

Auslanco - GBP/JPY and GBP/USD (newstrade)

1 min chart — Here you go....

Auslanco - GBP/JPY and GBP/USD (newstrade)

NP - I have 227.43 on ODL's MT4 and 227.42 on IFX

Auslanco - GBP/JPY and GBP/USD (newstrade)

So far this morning cable has dropped to just under its 400 level and M2, actualy bouncing off its well know 85 level - also 78.6% retrace. UJ got down to a 50% retrace and turned at its M2 level. GJ got to its 50% retrace - and its 227.50 level ...

Auslanco - GBP/JPY and GBP/USD (newstrade)